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Nifty still below 8000; gold near 6-wk high on Diwali glow

Hero, Bajaj Auto, Tata Motors,, Maruti Suzuki and L&T are top gainers in the Sensex. Among the losers are ONGC, Hindalco, NTPC, Coal India and ICICI Bank.

13:21

The News International Team

It’s a day of steady gains on Dalal Street, in-line with strong global cues. The Nifty hovers near the 7980 mark led higher by strong gains in auto and pharma stocks.

The 50-share is up 51.10 points at 7978.85 and the Sensex is up 156.42 points at 26732.07. About 1532 shares have advanced, 981 shares declined, and 89 shares are unchanged.

Hero, Bajaj Auto, Tata Motors,, Maruti Suzuki and L&T are top gainers in the Sensex. Among the losers are ONGC, Hindalco, NTPC, Coal India and ICICI Bank.

Gold was trading near its highest level since early September, supported by concerns over slower economic growth in China, although expectations Asian physical demand may slacken kept gains in check. Worries over the fate of the global economy heightened this week after China said third-quarter growth was the slowest since 2009, lifting appetite for safe-haven assets such as gold.

12:00

Market in Diwali mood, Sensex surges; Kotak Mah Bank up 5%

Kotak Mahindra Bank jumped nearly 5 percent on strong profitability and stable asset quality performance in Q2. Private sector lender’s second quarter standalone profit after tax rose 26 percent year-on-year to Rs 444.5 crore led by strong other income and lower provisions.

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11:13

Sensex, Nifty gain ahead of Diwali; SBI, ITC laggardsRead More »

Hero, Tata Motors, Bajaj Auto, BHEL and Cipla are top gainers while ONGC, Coal India, Tata Power, SBI and ITC are laggards.

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10:00

Sensex, Nifty celebrate Diwali; Hero, Tata Motors gainersRead More »

Hero Motocorp topped the buying list, up over 3 percent as the two-wheeler maker expects to clock close to 1.5 lakh in retail sales on October 21. “Dhanteras sales of 1.5 lakh will be 40-50 percent growth (YoY),” it said.

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09:15

Diwali dhamaka: Sensex zooms over 200 pts, Nifty nears 8000Read More »

The Indian rupee has opened at 61.15 a dollar, up 16 paise compared to previous day’s closing value of 61.31 per dollar on hopes of strong trade in equity market.

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